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Timiraos - >>> Fed Projections See an Economy Dramatically Reset by Trump’s Election

Not long ago, Federal Reserve officials presumed that 2025 would simply be about getting to the soft landing


The Wall Street Journal

by Nick Timiraos

March 19, 2025


https://www.wsj.com/economy/central-banking/fed-forecast-inflation-tariffs-trump-economy-5a5098a1


The Federal Reserve’s first set of projections since Donald Trump’s inauguration underscored—in the central bank’s understated and technocratic fashion—just how much the president’s plans to press ahead with widespread tariffs have turned the economic outlook on its head.

Months ago, policymakers presumed they would spend 2025 gradually cutting rates to keep inflation heading down without a big rise in joblessness to achieve the so-called soft landing. The latest projections point to the prospect that tariffs covering a swath of goods and materials will send up prices while sapping investment, sentiment and growth, at least in the short run...

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